Quote:
Originally Posted by HOZ
Reagan had a worse economic condition at the beginning of his Presidency. FAR worse than Obama.
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By what measures? Please support that claim.
The only person I've heard assert that is Sean Hannity.
“The fourth quarter of 2008, right after the Lehman failure, now shows an 8.9% annual rate of decline in GDP and now represents the worst single-quarter decline in GDP since the 10.4% drop in the first quarter of 1958, exceeding the 7.9% decline in the second quarter of 1980.”
http://www.ihs.com/products/global-i...?ID=1065930147
Quote:
Originally Posted by HOZ
Instead of taking a bitter pill to let companies (GM and Chrysler) and banks fail, he continues Bush's bank bail out and propped up crappy companies.
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TARP was on Bush's watch; Obama continued the policy but there was really no other option at the time.
The auto sector bailout has been a success.